6
RCMultiple Choice

Economic Development — Cumulative exam

Question 6 • ISP ONLY: Economics S5000XX

A tariff is a type of

Answer
A
tax.
B
punishment.
C
subsidy.
D
grant.

Explanation

A tariff is a tax on goods that are imported, and sometimes exported. It can make imported goods more expensive and raise revenue for the government. So the correct choice is a tax.

AI-written and checked against the verified answer.

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